Dell Technologies (NYSE:DELL – Get Free Report) had its price target increased by analysts at JPMorgan Chase & Co. from $565.00 to $635.00 in a note issued to investors on Wednesday, Briefing.com reports. The brokerage presently has an “overweight” rating on the technology company’s stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 43.09% from the company’s previous close.
Several other equities research analysts have also issued reports on the stock. Morgan Stanley raised their price target on shares of Dell Technologies from $434.00 to $499.00 and gave the stock an “equal weight” rating in a research note on Wednesday. HSBC upgraded Dell Technologies to a “buy” rating in a research report on Friday, May 29th. TD Cowen lifted their target price on shares of Dell Technologies from $450.00 to $500.00 and gave the stock a “hold” rating in a research report on Wednesday. Bank of America increased their target price on Dell Technologies from $500.00 to $505.00 and gave the company a “buy” rating in a report on Monday. Finally, Evercore set a $575.00 price target on shares of Dell Technologies and gave the company an “outperform” rating in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $543.00.
Get Our Latest Stock Report on Dell Technologies
Dell Technologies Trading Up 4.4%
Dell Technologies (NYSE:DELL – Get Free Report) last released its quarterly earnings results on Tuesday, September 1st. The technology company reported $7.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.91 by $2.13. The business had revenue of $46.97 billion during the quarter, compared to the consensus estimate of $44.89 billion. Dell Technologies had a negative return on equity of 366.90% and a net margin of 6.28%.The company’s quarterly revenue was up 57.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.70 EPS. Dell Technologies has set its FY 2027 guidance at 25.500-25.500 EPS and its Q3 2027 guidance at 6.500-6.500 EPS. As a group, equities analysts anticipate that Dell Technologies will post 18.32 EPS for the current fiscal year.
Insider Activity at Dell Technologies
In other news, Director Spv-2 L.P. Sl sold 131,040 shares of the company’s stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $398.13, for a total value of $52,170,955.20. Following the transaction, the director owned 12,619 shares in the company, valued at approximately $5,024,002.47. This represents a 91.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Silver Lake Partners Iv, L.P. sold 138,885 shares of the stock in a transaction on Monday, June 8th. The shares were sold at an average price of $398.13, for a total value of $55,294,285.05. Following the sale, the director owned 8,585 shares in the company, valued at approximately $3,417,946.05. This represents a 94.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 2,134,674 shares of company stock valued at $870,637,926 in the last three months. Corporate insiders own 41.50% of the company’s stock.
Institutional Investors Weigh In On Dell Technologies
Several large investors have recently bought and sold shares of the business. California State Teachers Retirement System raised its holdings in shares of Dell Technologies by 41,141.5% during the second quarter. California State Teachers Retirement System now owns 198,605,353 shares of the technology company’s stock valued at $85,690,266,000 after purchasing an additional 198,123,786 shares during the last quarter. State Street Corp lifted its holdings in shares of Dell Technologies by 1.8% in the 4th quarter. State Street Corp now owns 14,715,998 shares of the technology company’s stock valued at $1,852,450,000 after acquiring an additional 265,740 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of Dell Technologies by 7.6% in the 1st quarter. Bank of America Corp DE now owns 14,394,835 shares of the technology company’s stock worth $2,362,624,000 after acquiring an additional 1,011,101 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Dell Technologies by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 7,478,732 shares of the technology company’s stock worth $939,808,000 after acquiring an additional 108,011 shares during the last quarter. Finally, Invesco Ltd. boosted its position in Dell Technologies by 50.4% in the 4th quarter. Invesco Ltd. now owns 7,301,008 shares of the technology company’s stock valued at $919,051,000 after buying an additional 2,445,854 shares during the period. 76.37% of the stock is currently owned by institutional investors.
Dell Technologies News Summary
Here are the key news stories impacting Dell Technologies this week:
- Positive Sentiment: AI infrastructure demand remains exceptionally strong. Fiscal Q2 revenue rose 57.7% year over year to $46.97 billion, while EPS of $7.04 exceeded the roughly $4.91 consensus estimate. AI-optimized server revenue doubled to $16.4 billion, and AI-server orders reached a record $60.9 billion. Dell again lifts forecasts as AI demand powers record results
- Positive Sentiment: Management sharply raised its outlook. Dell lifted fiscal 2027 revenue guidance to $192 billion from $167 billion and adjusted EPS guidance to $25.50 from $17.90. Third-quarter guidance of $49 billion in revenue and $6.50 EPS also stands well above analyst expectations. Dell surges after lifting fiscal 2027 forecast on AI server strength
- Positive Sentiment: The $95 billion backlog improves revenue visibility. Analysts have upgraded their views and raised price targets, including Morgan Stanley, which increased its target to $499 while retaining an equal-weight rating. Dell shares rise as demand jumps for AI servers
- Neutral Sentiment: Dell announced a new Dell 14S laptop with up to 21 hours of battery life, targeting students and value-focused consumers. The launch supports the client business but is much less significant to the stock than the AI-server results. Meet the Dell 14S
- Negative Sentiment: Macro and valuation risks are limiting the reaction. Rising 10-year Treasury yields and crude oil above $90, amid renewed U.S.-Iran tensions, are pressuring high-growth technology shares. After a substantial year-to-date rally, Dell’s premium valuation leaves less room for execution missteps, while supply constraints and memory costs could pressure AI-server margins.
Dell Technologies Company Profile
Dell Technologies Inc is a multinational technology company that designs, manufactures and sells a broad range of information technology products, solutions and services. Its offerings span client computing devices (consumer and commercial laptops and desktops), enterprise infrastructure (servers, storage systems and networking equipment), software and cloud infrastructure, and a variety of professional services such as IT consulting, deployment, managed services and financing solutions. The company serves organizations of all sizes as well as individual consumers, with products and services aimed at enabling digital transformation and modern IT environments.
Founded by Michael Dell in 1984, the company grew from a direct-to-consumer PC business into a diversified IT provider through organic expansion and strategic acquisitions.
Featured Articles
- Five stocks we like better than Dell Technologies
- Lilly’s Merida Deal Shows the GLP-1 King Is Already Thinking Beyond Obesity
- From High Dividend Growth to High Yield, These 3 Stocks Just Boosted Dividend Payouts
- The Pentagon’s Grok Rollout Puts These 3 Stocks in Focus
- Copper Surges as Shifting Trade Policy and AI Demand Collide
Receive News & Ratings for Dell Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dell Technologies and related companies with MarketBeat.com's FREE daily email newsletter.
